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Greek officials back speedy coalition

Monday, June 18, 2012 - 01:11

June 18 - Greek authorities call on New Democracy party to quickly form a coalition government to secure billions in bailout. Jessica Gray reports.

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Greece's pro-bailout New Democracy party might have narrowly won the election battle, but the nation's war on debt is far from over. On Monday, officials delivered elections results to the president. After, parliamentary president Byron Polydoras said parties must immediately form a government to secure a 130-billion euro international bailout package. (SOUNDBITE) (Greek) GREEK PARLIAMENTARY PRESIDENT BYRON POLYDORAS, SAYING: "I expressed my wish that we have a government as soon as possible. We have no time to waste. Also, I would like to point out that we need a strong government not just in order to balance the powers in parliament in relation to the parliamentary majority and the opposition but primarily for foreign partnerships." The sentiments were echoed by the interim prime minister. (SOUNDBITE) (English) INTERIM GREEK PRIME MINISTER PANAGIOTIS PIKRAMMENOS, SAYING: "I want to point out the need - a new government needs to be sworn in as soon as possible. The problems of the country are great and there are many who cannot wait for very long." New Democracy took first place in the polls with just over 29 percent, narrowly beating second place leftist party SYRIZA. Some residents in Athens were pleased with the result, since Greece is likely to stay in the euro zone trading bloc. But that plan could go awry if the conservatives are unable to find common ground with socialists and other pro-bailout parties. Jessica Gray, Reuters

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Greek officials back speedy coalition

Monday, June 18, 2012 - 01:11